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Rs 500, 1000 notes banned: People queue up to change their old currency notes outside banks
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  • Rs 500, 1000 notes banned: People queue up to change their old currency notes outside banks

Rs 500, 1000 notes banned: People queue up to change their old currency notes outside banks

FP Staff • November 11, 2016, 12:39:00 IST
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ATMs of many banks were reported running dry as as there were heavy rush to withdraw lower denomination currency notes.

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Long queues were witnessed at banks and ATMs, which opened after two days, as people rushed to get new banknotes in lieu of their old defunct bills. PTI

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People rushed to Reserve Bank of India branch in Mumbai on Thursday as many ATMs ran out of cash in couple of hours due to heavy rush. PTI

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Similar scenes were witnessed in New Delhi as well as banks across country are witnessing heavy rush on the second day as people gathered to get new banknotes in exchange of old bills. PTI

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After the government scrapped Rs 500 and Rs 1,000 notes, banks were shut on Wednesday, and ATMs were supposed to be out of service for re calibration on Wednesday and Thursday. The banks reopened on Thursday to a massive increase in footfall as people rushed to get their old currency notes exchanged. PTI

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ATMs of many banks were reported running dry as as there were heavy rush to withdraw lower denomination currency. Most of the machines were equipped to tender Rs 100 notes, while some were still not working. PTI

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o ensure customer convenience, banks have been asked to provide all cash withdrawal transactions at their ATMs free of cost till 30 December. Deeksha Upadhyay/Firstpost

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From Friday onwards, customers are allowed to withdraw up to Rs 2,000 per day from ATMs till November 18. The withdrawal limit will be raised to Rs 4,000 per day per card from November 19, 2016. Deeksha Upadhyay/Firstpost

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